Infosys headcount falls for sixth straight quarter in Q1

IT services company Infosys on Thursday said its headcount fell by 1,908 in the quarter ended June, reporting a decline for the sixth-straight quarter. The total headcount for the June quarter stood at 315,332, down from 336,294 in the previous quarter. On a year-on-year basis, it fell by 20,962. Infosys had seen a net reduction of 5,423 employees in the March quarter.

Jayesh Sanghrajka, chief financial officer at Infosys, said: “Last multiple quarters we have moved to agile hiring base. We hire freshers from on and off the campus. This quarter we had a 2,000 person net decline, which was lower than the previous quarters.” The attrition rate for June quarter on the last twelve-month basis saw a marginal increase to 12.7% from 12.6% in the previous quarter. “Our utilisation is already at 85%, so we have little headroom left. As we start seeing growth we will look at hiring,” he added.